Thousands of newlyweds could be left without their gifts after their upmarket wedding list firm admitted it was financially floundering.

By Aislinn Simpson

6:54PM BST 25 Jul 2008

Wrapit, which handles around 2,500 to 3,000 wedding lists a year, has been swamped with calls from angry couples, some of whom have been forced to wait up to nine months for presents which have already been paid for.

The firm has blamed the credit crisis and a downturn in the retail market for its financial woes.

A spokesman said there was a "realistic chance" that it would be able to complete orders and said guests who had paid by credit card would be able to receive a full refund through insurance.

Wrapit said in a statement that it would know more by the end of next week and would keep worried customers updated via its website.

It added: "Items still in our warehouse have been allocated to couples but not yet delivered. If it has been allocated to you, it is legally yours and you will receive it, it will just be delayed."